Tokyo, Japan — In a recent interview with CGTN, Professor Xing Yuqing of the National Graduate Institute for Policy Studies in Tokyo expressed concern over US President Donald Trump's threats to impose high tariffs on goods from Canada and Mexico. According to Professor Xing, Trump's approach may lead to America's isolation in the global economy.
\"The United States is the largest economy, and President Trump believes America has all the leverage to set the terms for its trading partners,\" Professor Xing stated. \"However, by disregarding relationships with its allies, he wants to make America alone in the world.\"
The economist emphasized that such unilateral actions could have far-reaching implications not only for America's economy but also for global trade dynamics. Professor Xing warned that imposing high tariffs could trigger retaliation from trading partners, disrupt supply chains, and ultimately harm American businesses and consumers.
President Trump's administration has been vocal about reshaping trade agreements and policies, asserting that current arrangements are unfavorable to the United States. The proposed tariffs on Canada and Mexico, two of America's closest trading partners and allies, have raised concerns among economists and international leaders about the potential for escalating trade tensions.
\"In today's interconnected world, cooperation and mutual respect among nations are essential,\" Professor Xing added. \"Alienating allies could undermine America's strategic interests and weaken its position in the global arena.\"
The international community is closely monitoring the situation, as shifts in US trade policy could have significant impacts on global markets. Business professionals and investors are urged to stay informed about these developments to navigate the potential challenges ahead.
Reference(s):
cgtn.com
